Horizon Technology Finance (NASDAQ:HRZN) Stock Price Passes Above Two Hundred Day Moving Average of $12.01

Horizon Technology Finance Corp (NASDAQ:HRZN)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.01 and traded as high as $12.44. Horizon Technology Finance shares last traded at $12.39, with a volume of 3,235 shares.

Several research firms recently weighed in on HRZN. Maxim Group reissued a “buy” rating and set a $13.00 price objective on shares of Horizon Technology Finance in a research note on Tuesday, August 6th. ValuEngine lowered shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Finally, Janney Montgomery Scott began coverage on shares of Horizon Technology Finance in a research note on Monday, October 28th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

The firm’s 50 day moving average is $12.36 and its two-hundred day moving average is $12.01. The firm has a market cap of $180.52 million, a P/E ratio of 10.33 and a beta of 0.67.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.12. Horizon Technology Finance had a net margin of 41.04% and a return on equity of 11.68%. The firm had revenue of $11.38 million for the quarter. As a group, equities analysts anticipate that Horizon Technology Finance Corp will post 1.35 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in HRZN. Marshall Wace North America L.P. bought a new position in Horizon Technology Finance in the first quarter valued at approximately $62,000. CWM LLC bought a new position in Horizon Technology Finance in the second quarter valued at approximately $104,000. Millennium Management LLC bought a new position in Horizon Technology Finance in the third quarter valued at approximately $127,000. Eqis Capital Management Inc. bought a new position in Horizon Technology Finance in the third quarter valued at approximately $171,000. Finally, Advantage Investment Management LLC bought a new position in Horizon Technology Finance in the third quarter valued at approximately $238,000. 10.46% of the stock is currently owned by hedge funds and other institutional investors.

Horizon Technology Finance Company Profile (NASDAQ:HRZN)

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries.

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